2025-10-29T11:52:13-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2024-01-01 561380014 CAROLINA MEADOWS INC CARO 9199424014 100 CAROLINA MEADOWS CHAPEL HILL NC 275178505 KEVIN A MCLEOD PRESIDENT AND CEO 9199424014 2025-10-28 1 1 KATHERINE A WARLICK P02065266 7049985200 2025-10-28 2024 2025-03-06 01:10:19Z KEVIN A MCLEOD 100 CAROLINA MEADOWS CHAPEL HILL NC 275178505 60068209 0 X WWW.CAROLINAMEADOWS.ORG X 1983 NC TO PROVIDE HOUSING, HEALTH CARE, AND OTHER SERVICES TO RESIDENTS THROUGH A LIFE PLAN COMMUNITY. 15 15 656 650 0 0 250 107082 47125775 49500485 1468172 4123193 130543 92847 48724740 53823607 321865 625350 0 0 25121205 25555954 0 0 0 21025026 25640928 46468096 51822232 2256644 2001375 155663157 241729000 207187355 291595016 -51524198 -49866016 X TO ENRICH AND IMPROVE THE LIVES OF RESIDENTS AND THOSE CONNECTED TO OUR COMMUNITY. TO SUPPORT OUR LOCAL COMMUNITY, INVEST IN THE FUTURE OF AGING, CONTRIBUTE TO THE LOCAL ECONOMY AND PARTNER ON SENIOR (CONTINUED ON SCHEDULE O)INITIATIVES, AS WELL AS PROVIDE HOUSING, HEALTH CARE AND OTHER RELATED SERVICES TO SENIOR ADULTS THROUGH THE OPERATION OF A LIFE PLAN COMMUNITY. 0 0 45378024 625350 49500485 OUR BELIEF IS THAT IF CAROLINA MEADOWS CEASED TO EXIST, THE ORGANIZATION WOULD BE MISSED WITHIN THE LOCAL COMMUNITY AND THE BROADER COUNTY AREA BECAUSE CAROLINA MEADOWS IS APPROXIMATELY THE 3RD LARGEST EMPLOYER AND THE 4TH LARGEST PROPERTY TAXPAYER IN CHATHAM COUNTY. CONTINUED ON SCHEDULE O.COMMUNITY OUTREACH:CAROLINA MEADOWS SUPPORTS A VARIETY OF ORGANIZATIONS AND CAUSES WITHIN THE LOCAL COMMUNITY THAT ALIGN WITH THE GOALS AND BELIEFS OF THE ORGANIZATION, PAYING PARTICULAR ATTENTION TO THE FOLLOWING AREAS:-CHATHAM COUNTY PROPERTY TAXES -PROVIDING CHARITY CARE FOR THE RESIDENTS OF CAROLINA MEADOWS-EMPLOYEE LITERACY -ADDRESSING FOOD INSECURITY AND HUNGER, PARTICULARLY AMONG CHILDREN AND SENIOR CITIZENS-CONTRIBUTING TO THE UNITED WAY OF CHATHAM COUNTY, CORA, AND PBS NORTH CAROLINA JOINT RESIDENT-ORGANIZATIONAL CAMPAIGNS-VALIDATING THE IMPORTANCE OF THE ARTS THROUGH THE CHATHAM ARTIST IN RESIDENCE PROGRAM-SUPPORTING WORKFORCE DEVELOPMENT, INCREASING HOUSING SUPPLY AND AFFORDABILITY, AND SUPPORTING SMALL BUSINESS DEVELOPMENT THROUGH A 5-YEAR, $50,000 PLEDGE FOR A GREATER CHAPEL HILL-CARRBORO CAMPAIGN THROUGH THE CHAPEL HILL CHAMBER OF COMMERCECAROLINA MEADOWS HAS BEEN COMMITTED, SINCE INCEPTION, TO PAYING PROPERTY TAXES ON ITS PROPERTY SINCE THE CAMPUS WAS INITIALLY DEVELOPED THROUGH BANK LOANS AND ENTRY FEES RECEIVED FROM SALE OF INDEPENDENT LIVING UNITS AS THE CAMPUS WAS BUILT OUT OVER THE YEARS. ALL THE INDEPENDENT LIVING UNITS AND THE CURRENT SKILLED NURSING FACILITY WERE FINANCED WITH TRADITIONAL BANK LOANS OR USING FIRST-GENERATION INDEPENDENT LIVING UNIT ENTRY FEES TO PAY FOR THE COST OF CONSTRUCTION. CAROLINA MEADOWS BELIEVES IT BENEFITS GREATLY BY SUPPORTING THE EMERGENCY MANAGEMENT AND COMMUNICATIONS, FIRE MARSHALL, SHERIFF, ENVIRONMENTAL HEALTH AND QUALITY, AGING SERVICES, AND PUBLIC HEALTH DEPARTMENTS WITHIN CHATHAM COUNTY THROUGH ITS ANNUAL PAYMENT OF PROPERTY TAXES. PROPERTY TAXES ARE BUDGETED ANNUALLY AND ARE INCLUDED IN THE MONTHLY FEES PAID BY THE RESIDENTS OF CAROLINA MEADOWS. CAROLINA MEADOWS IS COMMITTED TO PROVIDING FREE HOUSING AND SERVICES TO RESIDENTS WHO MAY HAVE EXHAUSTED THEIR ASSETS THROUGH NO FAULT OF THEIR OWN AND NEED FINANCIAL ASSISTANCE TO COVER THE COST OF HOUSING AND SERVICES. IN ANY GIVEN YEAR, CAROLINA MEADOWS PAYS THE FULL COST OF CARE FOR FIVE TO SIX RESIDENTS WHO HAVE OUTLIVED THEIR FINANCIAL RESOURCES. THE CAROLINA MEADOWS RESIDENTS ASSOCIATION AND CAROLINA MEADOWS, INC. WORK COLLABORATIVELY ON THREE KEY CHARITABLE EVENTS: PBS NORTH CAROLINA (FORMERLY UNC TV), CHATHAM COUNTY OUTREACH ALLIANCE (CORA), AND UNITED WAY OF CHATHAM COUNTY. RESIDENTS ALSO PROVIDE SIGNIFICANT VOLUNTEER HOURS TO LOCAL NONPROFIT ORGANIZATIONS IN CHATHAM COUNTY. IN 2024, CAROLINA MEADOWS WAS HONORED TO RECEIVE A STATEWIDE EXCELLENCE IN COMMUNITY SERVICE AWARD FROM LEADING AGE NC. IT WAS IN RECOGNITION OF AN INTERGENERATIONAL PEN PAL PROGRAM BETWEEN 180 CM RESIDENTS AND 252 LOCAL MIDDLE AND HIGH SCHOOL STUDENTS. INITIATED BY LOCAL PUBLIC SCHOOL TEACHER RAQUEL HARRIS DURING THE PEAK OF COVID-19 AND REMOTE LEARNING, THIS PROGRAM CELEBRATED ITS FIFTH YEAR OF BUILDING RELATIONSHIPS AND COMMUNITY WHILE ENHANCING STUDENTS' CREATIVE WRITING SKILLS.CHARITABLE DONATIONS AND COMMUNITY BENEFITS FOR 2024 INCLUDED $493,781 IN BENEVOLENT CARE PROVIDED, $136,879 IN CHARITABLE DONATIONS, $58,595 IN DONATED VOLUNTEER SERVICES AND $1,418,864 IN CHATHAM COUNTY PROPERTY TAXES.CAROLINA MEADOWS IS ALSO ACTIVELY INVOLVED IN THE COMMUNITY THROUGH PARTICIPATION IN EDUCATIONAL, CHARITABLE, AND VOLUNTEER PROGRAMS SPONSORED ON CAMPUS AND THROUGHOUT THE SURROUNDING COMMUNITY. CAROLINA MEADOWS MADE SIGNIFICANT CHARITABLE GIFTS IN 2024 TO SUPPORT OUR BROADER COMMUNITY IN CHATHAM COUNTY, THE STATE, AND AROUND THE WORLD, INCLUDING BUT NOT LIMITED TO, THE FOLLOWING EXAMPLES: ~ $8,285 DONATION TO SUPPORT HUNGER RELIEF THROUGHOUT ALL OF CHATHAM COUNTY. FOOD INSECURITY CONTINUES TO INCREASE AS SUPPORT FROM FEDERAL FOOD PROGRAMS DECREASES~ $12,590 DONATION WAS MADE TO RISE AGAINST HUNGER TO SUPPORT THE 2024 CAROLINA MEADOWS MEAL PACKAGING EVENT. THIS EVENT RESULTS IN 30,000 MEALS BEING PACKAGED TO HELP FIGHT HUNGER THROUGHOUT THE WORLD~ $12,000 DONATION TO THE CHATHAM COUNTY LITERACY COUNCIL TO SUPPORT LITERACY EFFORTS THROUGHOUT OUR ENTIRE COMMUNITY; THESE EFFORTS ARE FOCUSED ON INCREASED LITERACY SUCH AS GED PROGRAMS, ENGLISH AS A SECOND LANGUAGE, COMPUTER LITERACY AND MORE ~ $5,000 ANNUAL CORPORATE DONATION TO UNITED WAY OF CHATHAM COUNTY TO SUPPORT THE GREAT WORK OF NUMEROUS CHARITIES THROUGHOUT OUR LARGE COUNTY ~ $5,000 DONATION TO CHATHAM ARTS COUNCIL TO SUPPORT THEIR ARTIST-IN-RESIDENCE PROGRAM AND SPONSORED A WEEK-LONG RESIDENCY OF FLAMENCO VIVO CARLOTTA SANTANA DANCE COMPANY AT NORTH CHATHAM ELEMENTARY ~ $2,500 DONATION TO PBS NORTH CAROLINA IN SUPPORT OF THEIR PUBLIC PROGRAMMING WHICH REACHES ALL AGES ACROSS OUR COUNTY AND STATE ~ $9,375 DONATION TO SUPPORT THE PROFESSIONAL DEVELOPMENT OF HIGH SCHOOL STUDENTS FROM FAMILIES WITH LIMITED INCOME VIA CRISTO REY RESEARCH TRIANGLE HIGH SCHOOL'S CORPORATE WORK STUDY PROGRAM. ~ TOTAL CORPORATE AND IN-KIND SUPPORT OF $2,108,117 FOR 2024 AND $1,613,490 FOR 2023BEYOND FINANCIAL SUPPORT, OUR RESIDENTS AND STAFF OFFER IN-KIND CONTRIBUTIONS AND MANY HOURS OF VOLUNTEER TIME TO SUPPORT NONPROFITS IN OUR AREA, AS WELL AS OUR OWN CAMPUS COMMUNITY. EXAMPLES INCLUDE: ~ CAROLINA MEADOWS HELD A RISE AGAINST HUNGER MEAL PACKAGING EVENT ON CAMPUS IN 2024 WHERE RESIDENTS AND EMPLOYEES DONATE THEIR TIME TO PACKAGE MEALS TO BE SHARED AROUND THE WORLD TO FIGHT HUNGER; RESIDENTS AND EMPLOYEES WORKED SIDE BY SIDE TO PACKAGE MORE THAN 30,000 MEALS. ~ DONATED KITCHEN RANGES, MICROWAVES, DISHWASHERS AND OTHER APPLIANCES TO THE HABITAT FOR HUMANITY RESTORE IN CHATHAM COUNTY ~ OUR WELLNESS DEPARTMENT ORGANIZED THREE BLOOD DRIVES WITH MORE THAN 60 RESIDENTS AND EMPLOYEES DONATING NEEDED BLOOD AND PLATELETSIN ADDITION TO OUR ROBUST CORPORATE COMMUNITY OUTREACH PROGRAM, WE PARTNER WITH THE CAROLINA MEADOWS RESIDENT ASSOCIATION THROUGH THEIR RESIDENT COMMUNITY OUTREACH COMMITTEE. THE COMMITTEE'S WORK INCLUDES: ~ RESIDENT LIAISONS WITH VARIOUS NONPROFIT ORGANIZATIONS IN CHATHAM COUNTY WHO SHARE INFORMATION AND VOLUNTEER OPPORTUNITIES ABOUT EACH GROUP WITH THE RESIDENTS. ~ THROUGH AN ADOPT A FIRST YEAR TEACHER DRIVE, RESIDENTS HELPED SET UP THE CLASSROOMS OF TWO NEW CHATHAM COUNTY PUBLIC SCHOOLS TEACHERS BY FULFILLING ITEMS FROM THEIR AMAZON WISH LISTS, DONATED AN SUV LOAD OF SCHOOL SUPPLIES TO BENEFIT STUDENTS ACROSS CHATHAM COUNTY, AND DISPERSED THESE SUPPLIES THROUGH THE TITLE 1 MIGRANT SPECIALIST AND HOMELESS FAMILIES SUPPORT TEAMS IN THE CHATHAM PUBLIC SCHOOL SYSTEM ~ THESE RESIDENT LIAISONS HELPED TO ORGANIZE AND RAISE SIGNIFICANT FUNDS IN 2024 FOR PBS NORTH CAROLINA OF APPROXIMATELY $72,000, CORA FOOD PANTRY OF APPROXIMATELY $80,000, AND THE UNITED WAY OF CHATHAM COUNTY OF APPROXIMATELY $110,000 FITNESS CENTER:FITNESS CENTER, POOL, MEDITATION LABYRINTH, NINE- HOLE GOLF COURSE, TENNIS, PICKLEBALL, TABLE TENNIS, BASKETBALL HOOP, CROQUET, AND BOCCE COURT AMENITIES WERE AVAILABLE THROUGHOUT 2024.WE OFFERED ON AVERAGE 22 CLASSES BOTH IN PERSON AND ZOOM IN OUR INDEPENDENT LIVING SETTING. DAILY CLASSES WERE OFFERED IN THE HIGHER LEVELS OF CARE 5 DAYS A WEEK. THE CLASSES OFFERED INCLUDED AEROBICS, STRETCHING, STRENGTH, YOGA, BALANCE, MEDITATION, AQUATIC, AND OTHER SPECIALTY OFFERINGS WERE HELD THROUGHOUT THE YEAR INCLUDING CAMPUS GROUP WALKS, WALKING CHALLENGES, MEDITATION EVENTS, LECTURES AND FALL PREVENTION EVENTS. INDIVIDUAL EQUIPMENT ORIENTATIONS AT NO COST. PERSONALIZED TRAINING SESSIONS IN INDEPENDENT, ASSISTED AND SKILLED SETTINGS WITH AN AVERAGE OF 44 CLIENTS. WE OFFER GOLF FITNESS TRAINING, SCREENINGS AND LESSONS. THREE OF OUR TEAM MEMBERS ARE TRAINED PARKINSONS'S WELLNESS RECOVERY AND PROGRAMS ARE OFFERED PERIODICALLY. NEW CLASS OFFERINGS IN 2024 INCLUDED ECCENTRICS AGING BACKWARDS, NIA DANCE, AND BOXING FOR MOBILITY.TWO WEEKLY CLASSES ARE OFFERED FOR EMPLOYEES AND WELLNESS CHALLENGES. AMENITIES ARE AVAILABLE FOR STAFF USE.FOUR EMPLOYEES ARE DESIGNATED FOR THE WELLNESS PROGRAM FOR ALL LEVELS OF CARE VIA ADDITIONAL SERVICES ARE PROVIDED UNDER CONTRACT INCLUDING SPECIALTY CLASS OFFERINGS INCLUDING YOGA, TAI CHI, BOXING FOR MOBILITY AND PILATES) AND NUTRITION. WE HAVE THREE CONTRACTED MASSAGE THERAPISTS TO PROVIDE IN-HOME SERVICES TO RESIDENTS IN ALL LEVELS OF CARE.DURING THE SPRING SEMESTER WE PROVIDED AN INTERNSHIP OPPORTUNITY FOR A UNC EXERCISE AND SPORT SCIENCE STUDENT. 45378024 1 1 0 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 87 0 1 656 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X GARY LEVINE 9193707128 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 GREGORY HERMAN-GIDDENS CHAIR 2.00 1.00 X X 0 0 0 NANCY CHESCHEIR VICE CHAIR 2.00 3.00 X X 0 0 0 ROBIN MCDUFFIE TREASURER 2.00 3.00 X X 0 0 0 EDGAR DEAN BLOCK SECRETARY 2.00 1.00 X X 0 0 0 KIM ALLEN MEMBER 2.00 1.00 X 0 0 0 DR BYRAN MEMBER 2.00 1.00 X 0 0 0 JUDY JONES MEMBER 2.00 3.00 X 0 0 0 RALPH KARPINOS MEMBER 2.00 2.00 X 0 0 0 JUDITH KRAMER MEMBER 2.00 1.00 X 0 0 0 LEAH OGDEN MEMBER 2.00 0.00 X 0 0 0 ARON SILVERSTONE MEMBER 2.00 2.00 X 0 0 0 ROSE SNIPES MEMBER 2.00 1.00 X 0 0 0 HUGH TILSON MEMBER 2.00 5.00 X 0 0 0 KEVIN TUNICK MEMBER 2.00 1.00 X 0 0 0 ROSEMARY WALDORF MEMBER 2.00 3.00 X 0 0 0 KEVIN MCLEOD PRESIDENT AND CEO 40.00 8.00 X 22618 440503 22441 BENJAMIN CORNTHWAITE CHIEF OPERATING OFFICER 40.00 8.00 X 3041 292084 28044 GARY LEVINE EXECUTIVE VICE PRESIDENT AND CFO 40.00 8.00 X 1883 280358 22335 DONNA MILLER MEDICAL DIRECTOR 40.00 0.00 X 282343 0 19989 CAROLYN TWISDALE DIRECTOR OF FINANCE AND ACCOUNTING 40.00 0.00 X 196649 0 10949 MELISSA KASS VICE PRESIDENT - MARKETING 40.00 0.00 X 192765 0 10864 DANIEL CAMARA VP - PHYSICAL PLANT 40.00 0.00 X 171544 0 14480 SHELLI GIARDINO VP - HUMAN RESOURCES 40.00 0.00 X 153988 0 15187 JEMIMA GOYOL RN NURSE SUPERVISOR 40.00 0.00 X 150377 0 12498 1175208 1012945 156787 24 0 1 0 FRANK L BLUM CONSTRUCTION 2601 PILGRIM COURT WINSTONSALEM NC 27106 CONSTRUCTION OF NEW HEALTH CARE CENTER 6442376 MCLAUGHLIN REALTY & RENOVATIONS 3633 JORDAN SHIRES DR NEW HILL NC 27562 GENERAL CONTRACTOR FOR HOME REFURBISHMEN 3344919 CONNECT CAUSE 9001 AERIAL CENTER PARKWAY SUITE 1 MORRISVILLE NC 27560 TECHNOLOGY SOFTWARE, HARDWARE, CONSULTIN 920631 BARRY GLENN MOORE JR DBA GREAT WHITE CO 1409 BUCKNER CLARK ROAD PITTSBORO NC 27312 BUILDING REFURBISHMENTS, REPAIRS, MODIFI 456910 CERIDIANDAYFORCE HCM INC 3311 EAST OLD SHAKOPEE ROAD MINNEAPOLIS MN 55425 PAYROLL/HR SOFTWARE 410965 23 90000 17082 107082 INDEPENDENT LIVING REV 623000 24561598 24561598 HEALTH CARE CENTER REV 623000 11281880 11281880 ASSISTED LIVING REV 623000 7956265 7956265 DINING 623000 2396123 2396123 REFURBISHING 623000 1678540 1678540 1626079 1626079 49500485 1502412 1502412 12745 12745 12745 8841908 23475 6244602 0 2597306 23475 2620781 2620781 TAX CREDIT REVENUE 900099 55679 55679 MISCELLANEOUS 623000 24423 24423 80102 53823607 49500485 0 4216040 87561 87561 537789 537789 329924 72583 257341 19896697 18894022 1002675 473240 385828 87412 3419446 3223134 196312 1436647 1206639 230008 2459150 2459150 61616 43999 17617 78667 78667 193442 193442 3280050 3253087 26963 46039 10067 35972 1584325 1411623 172702 37092 37092 3531971 2384321 1147650 201117 129840 71277 44311 25674 18637 139346 139346 6294146 6294146 31521 31521 FOOD COSTS 2947209 2947209 SHARED APPRECIATION 2725877 2725877 REPAIRS & MAINTENANCE 977302 977302 UPGRADES & MODIFICATION 173240 173240 834507 423216 411291 51822232 45378024 6444208 0 6357129 4685869 2350108 2804377 397156 409929 445346 511071 217695819 99373943 107308691 118321876 37534903 113684781 1269824 1311097 155663157 241729000 5300281 7121755 9680309 86803961 527208 490279 191679557 197179021 207187355 291595016 X -51524198 -49866016 -51524198 -49866016 155663157 241729000 X 2001375 -355704 12511 X X 0 1 X 1 0 X 833229 438125 69270 250 67996 1408870 40559275 39769538 44096679 47125775 49500485 221051752 41392504 40207663 44165949 47126025 49568481 222460622 0 0 0 222460622 697497 1005125 1113439 987205 1515157 5318423 697497 1005125 1113439 987205 1515157 5318423 23402 13908 17031 118166 80102 252609 42113403 41226696 45296419 48231396 51163740 228031654 0.97560 0.97840 0.02330 0.02080 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANOUS - 2020 AMOUNT: $ 23,402. 2021 AMOUNT: $ 13,908. 2022 AMOUNT: $ 17,031. 2023 AMOUNT: $ 118,166. 2024 AMOUNT: $ 24,423. TAX CREDIT REVENUE - 2024 AMOUNT: $ 55,679. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 527208 36929 490279 1 X 2469975 2469975 174070407 82245938 91824469 19163158 11466583 7696575 21992279 5661422 16330857 118321876 INVESTMENTS AND ASSETS WHOSE USE IS LIMITED 113684781 F 113684781 OTHER DEFERRED REVENUE 3927141 DEPOSITS ON OCCUPIED UNITS 4911980 ADVANCED FEE LIABILITY 188339900 197179021 X PART IV, LINE 2B: RESIDENT FUNDS HELD IN AGENCY ACCOUNTS REPRESENT FUNDS WITHHELD FROM RESIDENTS DETERMINED TO BE A FINANCIAL RISK AND RESIDENTS WISHING TO ESTABLISH AGENCY ACCOUNTS IN LIEU OF LONG-TERM CARE INSURANCE. CAROLINA MEADOWS HAS DEPOSITED THESE FUNDS ON THE RESIDENTS' BEHALF IN CERTIFICATES OF DEPOSIT OR MONEY MARKET FUNDS WITH A FINANCIAL INSTITUTION. CAROLINA MEADOWS ACTS AS CUSTODIAN FOR THE AGENCY ACCOUNTS, WHICH ARE LEGALLY OWNED BY THE RESIDENTS. AT DECEMBER 31, 2024 AND 2023, AGENCY FUNDS DUE RESIDENTS WERE APPROXIMATELY $490,000 AND $527,000, RESPECTIVELY. PART X, LINE 2: CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC., CAROLINA MEADOWS HOME CARE, INC., CAROLINA MEADOWS FOUNDATION, INC., AND CAROLINA MEADOWS, INC. ARE NONPROFIT, TAX-EXEMPT ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); ACCORDINGLY, THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. CAROLINA MEADOWS MANAGEMENT AND DEVELOPMENT SERVICES, INC., A TAXABLE CORPORATION, UTILIZES THE LIABILITY METHOD OF ACCOUNTING FOR INCOME TAXES IN ACCORDANCE WITH STANDARDS ON ACCOUNTING FOR INCOME TAXES. MANAGEMENT IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THE TAX-EXEMPT STATUS OF CAROLINA MEADOWS. MANAGEMENT IS NOT AWARE OF ANY SIGNIFICANT ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, EXCISE OR OTHER TAXES. CAROLINA MEADOWS FOLLOWS GUIDANCE ON THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON CAROLINA MEADOWS' CONSOLIDATED FINANCIAL STATEMENTS. CAROLINA MEADOWS HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFIT OR OBLIGATION AS OF DECEMBER 31, 2024. 1 CHATHAM COUNTY LITERACY COUNCIL PO BOX 1696 PITTSBORO NC 27312 581870076 501(C)(3) 12000 0 GENERAL SUPPORT RISE AGAINST HUNGER 3733 NATIONAL DRIVE SUITE 200 RALEIGH NC 27612 161541024 501(C)(3) 12590 0 GENERAL SUPPORT CRISTO REY RESEARCH TRIANGLE CORPORATE WORK STUDY PROGRAM INC 334 BLACKWELL STREET DURHAM NC 27701 832700481 501(C)(3) 9375 0 GENERAL SUPPORT CAROLINA MEADOWS FOUNDATION INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 825385916 501(C)(3) 17082 0 GENERAL SUPPORT CHAMBER FOR A GREATER CHAPEL HILL-CARBORRO 104 SOUTH ESTES DRIVE PO BOX 2897 CHAPEL HILL NC 275152897 560798467 501(C)(6) 10000 0 GENERAL SUPPORT 5 1 RESIDENT FINANCIAL ASSISTANCE 8 493781 CNA SCHOLARSHIP PROGRAM 7 24004 PART I, LINE 2: GRANTEES MUST HAVE 501(C)(3) STATUS AND MUST BE LOCATED IN AND/OR SERVE RESIDENTS IN CHATHAM COUNTY, NORTH CAROLINA. THE FOLLOWING CRITERIA ARE USED DURING THE GRANT EVALUATION PROCESS PROJECT DESCRIPTION: (1) DESCRIPTION - IS THE PROPOSED PROJECT OR PROGRAM CLEARLY DESCRIBED? (2) MISSION SUPPORT - IS THERE CLEAR EVIDENCE THAT THE PROJECT SUPPORTS THE MISSION OF THE AGENCY? (3) NEED - DOES THE PROPOSAL CLEARLY DOCUMENT/EXPLAIN THE NEED FOR THE PROJECT/PROGRAM IN CHATHAM COUNTY? (4) IMPACT - ARE THE PROPOSED OUTCOMES CLEAR, REALISTIC AND MEASURABLE? (5) BUDGET - IS THE BUDGET SUFFICIENTLY DETAILED, REALISTIC AND APPROPRIATE GIVEN THE DESIRED GOALS/IMPACT? (6) EFFECT - IS THERE EVIDENCE THAT A GRANT FROM CAROLINA MEADOWS WILL SIGNIFICANTLY INCREASE THE IMPACT OF THE PROPOSED PROJECT/PROGRAM? (7) COLLABORATIVE EFFORT - IS THE PROPOSED PROJECT/PROGRAM A COLLABORATIVE EFFORT INVOLVING MULTIPLE AGENCIES? (8) REPORTING - GRANTEES ARE REQUIRED TO SUBMIT INTERIM AND FINAL REPORTS TO CAROLINA MEADOWS. PART III, COLUMN (B): BASED ON ACTUAL BENEVOLENCE FOR MONTHLY SERVICE FEES PROVIDED TO EIGHT INDIVIDUALS DURING 2024. BASED ON PAYMENTS TO CENTRAL CAROLINA COMMUNITY COLLEGE FOR SEVEN STUDENTS TUITION FOR CNA PROGRAM PAID BY CAROLINA MEADOWS ON THEIR BEHALF. 0 0 0 0 0 0 0 0 0 KEVIN MCLEOD PRESIDENT AND CEO 22618 386174 0 41481 0 12848 0 19492 0 2949 22618 462944 0 0 BENJAMIN CORNTHWAITE CHIEF OPERATING OFFICER 3041 256498 0 29425 0 6161 0 13694 0 14350 3041 320128 0 0 GARY LEVINE EXECUTIVE VICE PRESIDENT AND CFO 1883 244317 0 29425 0 6616 0 12719 0 9616 1883 302693 0 0 DONNA MILLER MEDICAL DIRECTOR 265423 0 15425 0 1495 0 13573 0 6416 0 302332 0 0 0 CAROLYN TWISDALE DIRECTOR OF FINANCE AND ACCOUNTING 178261 0 17175 0 1213 0 9010 0 1939 0 207598 0 0 0 MELISSA KASS VICE PRESIDENT - MARKETING 176537 0 15425 0 803 0 7348 0 3516 0 203629 0 0 0 DANIEL CAMARA VP - PHYSICAL PLANT 154866 0 15425 0 1253 0 8064 0 6416 0 186024 0 0 0 SHELLI GIARDINO VP - HUMAN RESOURCES 138065 0 15425 0 498 0 7271 0 7916 0 169175 0 0 0 JEMIMA GOYOL RN NURSE SUPERVISOR 148329 0 1675 0 373 0 1576 0 10922 0 162875 0 0 0 PART I, LINE 3 IN DETERMINING CEO COMPENSATION, SALARY INFORMATION IS COMPILED BY THE EXECUTIVE COMMITTEE OF THE PARENT BOARD OF DIRECTORS WHICH SERVES AS THE EXECUTIVE COMPENSATION COMMITTEE. THE COMMITTEE USES A VARIETY OF COMPARABILITY AND SALARY SURVEY DATA FROM CATAPULT INC., INCLUDING THE NC ANNUAL WAGE AND SALARY SURVEY, THE NATIONAL EXECUTIVE COMPENSATION SURVEY, AND GUIDESTAR EXECUTIVE COMPENSATION DATA. ASSESSMENT FORMS RATING THE CEO'S PERFORMANCE ARE ALSO COMPLETED BY MEMBERS OF ALL AFFILIATE BOARDS. USING THE SURVEY DATA AS BENCHMARKS AND THE COMPILED ASSESSMENT DATA AS AN INDICATOR OF PERFORMANCE MANAGEMENT, THE EXECUTIVE COMMITTEE RECOMMENDS TO THE FULL PARENT BOARD FOR APPROVAL OF THE TOTAL CEO COMPENSATION WITHIN THE BOARD ESTABLISHED SALARY RANGE FOR THE CEO POSITION. A PUBLIC FINANCE AUTHORITY 273866124 2019-11-21 12700000 TO REFINANCE THE 2010 BONDS WITH A NEW 12/01/34 MATURITY DATE 0 0 0 B NORTH CAROLINA MEDICAL CARE COMMISSION 521309402 65820YTG1 2024-07-24 79347479 CONSTRUCTION OF RETIREMENT FACILITIES 0 0 0 A 3625000 12700000 217643 12482357 1 0 1 1 B 79301382 1483517 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 TRUIST 10.000000000000 0 0 0 0 1 B 0 0 0 0 1 0 0 0 1 A 1 B 1 SCHEDULE K, PART II, LINE 3B ACCUMULATED AMORTIZATION OF BOND PREMIUM OF $46,097. FORM 990, PART III, LINE 4A WELLNESS SERVICES: THE WELLNESS DEPARTMENT PERFORMS ANNUAL FUNCTIONAL FITNESS ASSESSMENTS ON INDEPENDENT LIVING RESIDENTS THAT ARE PATIENTS OF OUR PRIMARY MEDICAL PRACTICE AT THE TIME OF THEIR ANNUAL WELLNESS EXAM. THIS AVERAGES 8 PARTICIPANTS PER MONTH. VIRTUE SENSE BALANCE GAIT SCREENINGS ARE OFFERED AT NO COST IN BOTH OUR ASSISTED AND INDEPENDENT SETTINGS AND ULTIMATELY TESTED OVER 540 RESIDENTS THROUGH YEAR END. WE HOST QUARTERLY SCREENING EVENTS AND ONE ON ONE OPPORTUNITIES FOR SCREENINGS. WE OFFERED TWO A MATTER OF BALANCE SERIES DEVELOPED ON EVIDENCE-BASED RESEARCH. WE ALSO OFFER HEALTH COACHING INDIVIDUALLY AND IN GROUP SETTINGS. PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY SERVICES ARE AVAILABLE ON OUR CAMPUS UNDER CONTRACT WITH POWERBACK REHABILITATION. WE HOSTED THREE CAMPUS BLOOD DRIVES FOR THE BLOOD CONNECTION AND HOSTED THE MEN'S BOCCE AND CROQUET EVENTS AT OUR SITE FOR CHATHAM COUNTY SENIOR GAMES. WE PARTICIPATED IN PUMP IT FOR PD! EVENT. PHYSICAL PLANT SERVICES: THE PHYSICAL PLANT ANNUALLY TURNS OVER AN AVERAGE OF APPROXIMATELY 40 EXISTING INDEPENDENT LIVING UNITS FOR NEW RESIDENTS. EACH UNIT IS REFURBISHED TO NEW OR LIKE-NEW CONDITION FOR THE INCOMING RESIDENT/S, INCLUDING WORK PERFORMED BY OUR INTERNAL PHYSICAL PLANT TEAM. FOR 2024, THERE WERE 12,121 COMPLETED WORK ORDERS FOR INDEPENDENT LIVING RESIDENTS, 1,786 FOR SKILLED NURSING RESIDENTS, AND 1,997 FOR ASSISTED LIVING RESIDENTS. THERE WERE ALSO 1,681 COMMUNITY-WIDE WORK ORDERS COMPLETED INCLUSIVE OF SPECIAL PROJECTS, SECURITY RESPONSES, AND TRASH PICKUP. TOTAL WORK ORDERS, CONSISTING OF OVERALL PROJECTS FOR ALL LEVELS OF CARE AND COMMUNITY-WIDE, COMPLETED FOR 2024 EQUALED 17,585. DINING SERVICES: DINING SERVICES PROVIDES RESIDENT MEALS DAILY FOR ALL OUR LEVELS OF CARE. FOR RESIDENTS, APPROXIMATELY 80,446 MEALS WERE SERVED DURING 2024 IN SKILLED NURSING, 82,026 IN ASSISTED LIVING, AND 175,848 FOR INDEPENDENT LIVING, FOR A TOTAL OF 338,320 ANNUAL RESIDENT MEALS. ADDITIONAL ANNUAL TOTALS OF APPROXIMATELY 13,979 GUEST MEALS AND 40,453 EMPLOYEE MEALS WERE SERVED ACROSS CAMPUS. TOTAL ANNUAL MEALS SERVED ACROSS CAMPUS FOR 2024 EQUAL APPROXIMATELY 392,752. ACTIVITIES/LIFE ENRICHMENT: CAROLINA MEADOWS PROVIDES A COMPREHENSIVE LIFE ENRICHMENT PROGRAM ACROSS ALL LEVELS OF CAREINDEPENDENT LIVING (IL), ASSISTED LIVING (AL), AND SKILLED NURSING FACILITY (SNF)DESIGNED TO MEET THE SOCIAL, INTELLECTUAL, SPIRITUAL, AND EMOTIONAL NEEDS OF RESIDENTS. STAFF AND RESIDENTS DEVELOP PROGRAMS COLLABORATIVELY TO REFLECT THEIR INTERESTS, HOBBIES, AND VALUES. INDEPENDENT LIVING (IL) IL RESIDENTS BENEFIT FROM A ROBUST CALENDAR OF OFFERINGS COORDINATED BY BOTH STAFF AND RESIDENT-LED COMMITTEES. POPULAR PROGRAMS INCLUDE LIVE MUSIC PERFORMANCES, CAROLINA MEADOWS UNIVERSITY LECTURES, AND THE WORLD AFFAIRS FORUM. ATTENDANCE AVERAGES 75 RESIDENTS PER EVENT, WITH SPECIAL PROGRAMS DRAWING OVER 200. THE ART PROGRAM CONTINUES TO FLOURISH, WITH RESIDENT EXHIBITS, ART TALKS, AND CREATIVE WORKSHOPS THAT SHOWCASE TALENT WITHIN THE COMMUNITY. LIFE ENRICHMENT SUPPORTS WELLNESS, CREATIVITY, AND LIFELONG LEARNING, AND INCLUDES BOTH LARGE COMMUNITY EVENTS AND SMALLER GROUP GATHERINGS. ASSISTED LIVING QUALIFIED STAFF DESIGN THE AL CALENDAR WITH RESIDENT INPUT, FOCUSING ON GROUP AND INDIVIDUAL ENGAGEMENT. PROGRAMS ENCOURAGE RESIDENTS TO MAINTAIN HOBBIES AND PERSONAL INTERESTS. STAFF ALSO FACILITATE MEMORY SUPPORT ACTIVITIES TAILORED TO THE PSYCHOSOCIAL NEEDS OF RESIDENTS IN MEMORY CARE. THESE PROGRAMS PROMOTE EMOTIONAL CONNECTION, COGNITIVE STIMULATION, AND DAILY ENGAGEMENT. SKILLED NURSING FACILITY SNF OFFERS TWO DAILY ACTIVITY TRACKS: ONE SERVING 1015 RESIDENTS WITH MODERATE TO SEVERE MEMORY IMPAIRMENT, AND ANOTHER SERVING 510 RESIDENTS WITH INTACT COGNITION. PROGRAMMING EMPHASIZES THERAPEUTIC ENGAGEMENT, SENSORY STIMULATION, AND PERSON-CENTERED CARE. A SPECIALIZED MUSIC & MEMORY PROGRAM OFFERS INDIVIDUALIZED PLAYLISTS TO SUPPORT BOTH SNF AND MEMORY CARE RESIDENTS. ACROSS ALL LEVELS OF CARE VOLUNTEERS SUPPLEMENT STAFF EFFORTS, ENHANCING THE DEPTH AND VARIETY OF PROGRAMMING. LIFE ENRICHMENT REMAINS CENTRAL TO CAROLINA MEADOWS' MISSION OF IMPROVING RESIDENTS' QUALITY OF LIFE THROUGH PURPOSE, CONNECTION, AND JOY. ENVIRONMENTAL SERVICES: IN ADDITION TO CLEANING ALL COMMON AREAS AND PROVIDING DAILY SERVICE TO ALL SKILLED NURSING AND ASSISTED LIVING RESIDENTS, ENVIRONMENTAL SERVICES ALSO PROVIDE SUPPORT TO APPROXIMATELY 200 INDEPENDENT LIVING RESIDENTS PER MONTH. APPROXIMATELY 60 POUNDS OF LINEN ARE WASHED, DRIED AND IRONED DAILY FOR THE CLUB CENTER DINING ROOMS, IN ADDITION TO LINENS PROVIDED IN THE SKILLED NURSING AND ASSISTED LIVING FACILITIES. TRANSPORTATION: TRANSPORTATION IS PROVIDED TO RESIDENTS AS NEEDED WITH A VARIETY OF VEHICLES, INCLUDING ELECTRIC VEHICLES, HYBRID SUVS AND HANDICAPPED ASSISTED VANS. RESIDENT INFORMATION TECHNOLOGY SERVICES: THE INFORMATION TECHNOLOGY (IT) DEPARTMENT AT CAROLINA MEADOWS IS DEDICATED TO DELIVERING COMPREHENSIVE TECHNOLOGY SUPPORT AND SERVICES TO ALL COMMUNITY RESIDENTS. OUR MISSION IS TO ENSURE RESIDENTS HAVE SEAMLESS ACCESS TO MODERN TECHNOLOGY RESOURCES WHILE MAINTAINING THE HIGHEST STANDARDS OF CUSTOMER SERVICE, SECURITY, AND OPERATIONAL EFFICIENCY. SCOPE OF IT SUPPORT SERVICES THE IT DEPARTMENT OFFERS A ROBUST PORTFOLIO OF SERVICES TO ADDRESS RESIDENTS' VARIOUS TECHNOLOGY-RELATED NEEDS, INCLUDING BUT NOT LIMITED TO: ~ HIGH-SPEED INTERNET CONNECTIVITY SETUP AND TROUBLESHOOTING ~ SUPPORT FOR PERSONAL COMPUTERS, TABLETS, SMARTPHONES, AND OTHER DIGITAL DEVICES ~ ASSISTANCE WITH SMART HOME TECHNOLOGY, INCLUDING HOME AUTOMATION DEVICES AND SYSTEMS ~ CONFIGURATION AND MAINTENANCE OF IN-ROOM CABLE TELEVISION SERVICES ~ TELEPHONE SYSTEM SUPPORT, INCLUDING VOIP AND TRADITIONAL LANDLINE SOLUTIONS ~ GUIDANCE ON SECURE USE OF EMAIL, ONLINE ACCOUNTS, AND DIGITAL COMMUNICATIONS ~ TECHNICAL ASSISTANCE WITH SOFTWARE APPLICATIONS, OPERATING SYSTEMS, AND SECURITY UPDATES NEW RESIDENT ONBOARDING AND ONGOING IT SUPPORT ALL NEW CAROLINA MEADOWS RESIDENTS RECEIVE COMPREHENSIVE IT ONBOARDING AND TECHNOLOGY ORIENTATION UPON MOVING INTO THE COMMUNITY. THIS PERSONALIZED INTRODUCTION ENSURES EACH INDIVIDUAL IS COMFORTABLE USING THE TECHNOLOGY RESOURCES AVAILABLE TO THEM AND UNDERSTANDS HOW TO ACCESS IT SUPPORT WHEN NEEDED. RESPONSIVE IT SERVICE MODEL RESIDENTS MAY REQUEST IT ASSISTANCE AT ANY TIME FOR ISSUES OR QUESTIONS RELATED TO THEIR TECHNOLOGY SERVICES. THE DEPARTMENT'S DEDICATED RESIDENT SUPPORT SPECIALIST MANAGES AND FULFILLS AN AVERAGE OF TWELVE TO FIFTEEN SERVICE WORK ORDER TICKETS DAILY, ENSURING TIMELY AND EFFECTIVE RESOLUTIONS. EACH REQUEST IS PRIORITIZED BASED ON URGENCY, WITH CRITICAL CONNECTIVITY, SAFETY-RELATED, AND HEALTH TECHNOLOGY ISSUES RECEIVING EXPEDITED ATTENTION. COMMITMENT TO CONTINUOUS IT IMPROVEMENT THE IT DEPARTMENT CONTINUALLY EVALUATES AND UPDATES ITS SUPPORT PROCESSES AND TECHNOLOGY OFFERINGS TO MEET THE EVOLVING NEEDS OF RESIDENTS. REGULAR FEEDBACK IS SOLICITED TO ENHANCE SERVICE QUALITY, ENSURE RESIDENT SATISFACTION, AND MAINTAIN ALIGNMENT WITH EMERGING TRENDS AND BEST PRACTICES IN SENIOR LIVING TECHNOLOGY SUPPORT. FOR ANY TECHNOLOGY-RELATED CONCERNS, RESIDENTS CAN CONTACT THE IT HELP DESK VIA PHONE, EMAIL, OR THE DEDICATED ONLINE PORTAL. OUR TEAM IS COMMITTED TO PROVIDING COURTEOUS, KNOWLEDGEABLE, AND PROMPT SUPPORT TO EMPOWER EVERY RESIDENT AT CAROLINA MEADOWS TO STAY CONNECTED AND MAKE THE MOST OF TODAY'S DIGITAL WORLD. PROPERTY TAXES: FOR 2024 VOLUNTARY PROPERTY TAXES CAROLINA MEADOWS PAID $1,418,864, COMPARED TO 2023 VOLUNTARY PROPERTY TAX PAYMENTS OF $1,229,425, TO SUPPORT NEEDED INFRASTRUCTURE TO BENEFIT RESIDENTS OF CHATHAM COUNTY, NORTH CAROLINA WHERE CAROLINA MEADOWS IS LOCATED. FORM 990, PART VI, SECTION A, LINE 6 CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC. IS THE SOLE MEMBER OF CAROLINA MEADOWS, INC. FORM 990, PART VI, SECTION A, LINE 7A AS THE SOLE MEMBER, CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC. ELECTS THE GOVERNING BODY OF CAROLINA MEADOWS, INC. FORM 990, PART VI, SECTION A, LINE 7B AS SOLE MEMBER, CAROLINA MEADOWS SENIOR COMMUNITIES & SERVICES, INC. MUST APPROVE ALL SIGNIFICANT DECISIONS OF CAROLINA MEADOWS, INC. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT, RECOMMENDED BY THE CAROLINA MEADOWS, INC. BOARD FINANCE COMMITTEE AND THEN APPROVED BY THE PARENT BOARD FOLLOWING PREPARATION BY THE CFO AND THE INDEPENDENT TAX ACCOUNTANT. THE REVIEW IS CONDUCTED PRIOR TO FILING WITH THE IRS AND INVOLVES A THOROUGH EXAMINATION OF THE INFORMATION USED AS A BASIS FOR PREPARATION OF THE 990 BY THE CFO AND INDEPENDENT TAX ACCOUNTANT, AS WELL AS EXAMINATION OF THE DRAFT OF THE 990. ANY CHANGES ARE RECOMMENDED TO, AND REVIEWED BY, THE INDEPENDENT TAX ACCOUNTANT. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL SIGNED COI POLICY AND ATTESTATION FORMS ARE PROVIDED TO ALL BOARD MEMBERS, INCLUDING EX-OFFICIO MEMBERS. THE SAME FORMS ARE PROVIDED TO ALL KEY STAFF EMPLOYEES. THE ATTESTATION FORMS ARE COLLECTED FROM THE BOARD AND KEY EMPLOYEES IN MAY OF EACH YEAR. THEY ARE THEN REVIEWED BY THE BOARD GOVERNANCE COMMITTEE AND CEO FOR ANY INDICATIONS OF ACTUAL OR PERCEIVED CONFLICT NOTED. IF NONE, THE ATTESTATION FORMS ARE ACCEPTED AND STORED. IF THERE WERE TO BE ANY INDICATIONS OF ACTUAL OR PERCEIVED CONFLICT NOTED, THE GOVERNANCE COMMITTEE WOULD ALERT THE BOARD CHAIR AND THE ACTUAL OR PERCEIVED CONFLICT WOULD BE DISCUSSED FURTHER WITH THE INDIVIDUAL INVOLVED TO DETERMINE IF AN ACTUAL CONFLICT EXISTED. IF IT IS BELIEVED AN ACTUAL CONFLICT EXISTS, THEN THE FULL BOARD WOULD REVIEW THE CONFLICT AND MAKE A DETERMINATION HOW BEST TO RESOLVE THE CONFLICT BY EITHER ACCEPTING THE CONFLICT OR REQUIRING THE MEMBER OR STAFF PERSON TO CEASE AND DESIST OR FACE REMOVAL FROM THE BOARD OR TERMINATION FROM EMPLOYMENT IF A KEY STAFF EMPLOYEE. IF A CONFLICT IS ACCEPTED BY THE BOARD, A PERSON INVOLVED IN MATTERS WHERE A CONFLICT EXISTS MUST RECUSE HIMSELF OR HERSELF FROM BOARD MEETING DISCUSSIONS AROUND THE CONFLICT OR BOARD ACTION TAKEN IN REGARD TO THE CONFLICT. IF A CONFLICT INVOLVES A STAFF PERSON, THE STAFF PERSON WOULD EITHER BE REASSIGNED OR TERMINATED, DEPENDING ON THE TYPE OF CONFLICT AND IMPACT TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 IN DETERMINING THE CEO'S COMPENSATION, SALARY INFORMATION IS COMPILED BY THE EXECUTIVE COMMITTEE OF THE PARENT BOARD OF DIRECTORS WHICH SERVES AS THE EXECUTIVE COMPENSATION COMMITTEE. THE COMMITTEE USES A VARIETY OF COMPARABILITY AND SALARY SURVEY DATA FROM CATAPULT, INC., FORMERLY CAPITAL ASSOCIATED INDUSTRIES (CAI), INCLUDING THE NORTH CAROLINA ANNUAL WAGE AND SALARY SURVEY, THE NATIONAL EXECUTIVE COMPENSATION SURVEY, AND GUIDESTAR EXECUTIVE COMPENSATION DATA. ASSESSMENT FORMS RATING THE CEO'S PERFORMANCE ARE ALSO COMPLETED BY MEMBERS OF ALL AFFILIATE BOARDS. USING THE SURVEY DATA AS BENCHMARKS AND THE COMPILED ASSESSMENT DATA AS AN INDICATOR OF PERFORMANCE MEASUREMENT, THE EXECUTIVE COMMITTEE RECOMMENDS TO THE FULL PARENT BOARD FOR APPROVAL OF THE TOTAL CEO COMPENSATION WITHIN THE BOARD ESTABLISHED SALARY RANGE FOR THE CEO POSITION. BASED ON SALARY AND TOTAL COMPENSATION DATA FROM CATAPULT (FORMERLY CAPITAL ASSOCIATED INDUSTRIES), GUIDESTAR, THE NATIONAL EXECUTIVE COMPENSATION SURVEY, AND LEADINGAGE SURVEY DATA, THE CEO SETS AND APPROVES COMPENSATION FOR THE COO AND CFO POSITIONS WITHIN ESTABLISHED RANGES FOR THE ORGANIZATION BASED ON INPUT AND REVIEW FROM THE PARENT BOARD. THE SALARY AMOUNTS FOR THE CEO, COO, AND CFO ARE FURTHER REVIEWED BY THE FULL PARENT BOARD AS A MEASURE OF OVERSIGHT AND UNDERSTANDING OF TOTAL EXECUTIVE COMPENSATION FOR THE TOP EXECUTIVE POSITIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 MINUTES OF QUARTERLY BOARD MEETINGS INCLUDING THE QUARTERLY FINANCIALS AND ANNUAL AUDITED FINANCIAL STATEMENTS ARE PLACED IN THE CAROLINA MEADOWS RESIDENT'S LIBRARY. ARTICLES OF INCORPORATION ARE AVAILABLE ON THE SECRETARY OF STATE'S WEBSITE AND, ALONG WITH THE BOARD BYLAWS, ARE AVAILABLE FOR REVIEW UPON REQUEST. AN ANNUAL DISCLOSURE STATEMENT IS AVAILABLE ON-LINE THROUGH THE NC DEPARTMENT OF INSURANCE (NCDOI.COM), AND INCLUDES IN APPENDICES COPIES OF THE DOI CCRC LICENSE, DHSR NURSING FACILITY LICENSE, ANNUAL AUDITED FINANCIAL STATEMENTS, FIVE-YEAR FINANCIAL PROJECTIONS, CCRC CONTRACT AND OTHER CORPORATE INFORMATION. CONFLICT OF INTEREST STATEMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE INTEREST RATE SWAP 12,511. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. CAROLINA MEADOWS HOME CARE INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 821777558 HOME CARE NC 501(C)(3) LINE 12B, II CAROLINA MEADOWS SR COMM & SERVICES INC 0 CAROLINA MEADOWS SENIOR COMMUNITIES AND SERVICES INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 821792692 HEALTH CARE NC 501(C)(3) LINE 12B, II 0 CAROLINA MEADOWS FOUNDATION INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 825385916 CHARITABLE FOUNDATION NC 501(C)(3) LINE 12B, II CAROLINA MEADOWS SR COMM & SERVICES INC 0 CAROLINA MEADOWS MANAGEMENT AND DEVELOPMENT SERVICES INC 100 CAROLINA MEADOWS CHAPEL HILL NC 27517 821768377 MANAGEMENT SERVICES NC CAROLINA MEADOWS SR COMM & SERVICES INC C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1